KONTAN.CO.ID - SINGAPORE. Gold prices retreated on Friday as firmer U.S. bond yields and a strong dollar weighed on the metal, but bullion was on course for its biggest weekly gain in four. Spot gold eased 0.7% to $1,709.46 per ounce by 0716 GMT. The metal's prices had slumped to a nine-month low on Monday, but a pullback in Treasury yields helped spark a rebound that has put gold on track for a weekly gain of 0.4%. U.S. gold futures fell 0.8% to $1,709.10.
Gold drops on firmer U.S. yields, but set for best week in 4
KONTAN.CO.ID - SINGAPORE. Gold prices retreated on Friday as firmer U.S. bond yields and a strong dollar weighed on the metal, but bullion was on course for its biggest weekly gain in four. Spot gold eased 0.7% to $1,709.46 per ounce by 0716 GMT. The metal's prices had slumped to a nine-month low on Monday, but a pullback in Treasury yields helped spark a rebound that has put gold on track for a weekly gain of 0.4%. U.S. gold futures fell 0.8% to $1,709.10.